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By Rajasik MukherjeeRio Tinto ASX:RIO, LSE:RIO said on Wednesday it was on track to release about $5 billion in capital by the end of 2026, after strong mine performance helped lift third-quarter iron ore sales from its Pilbara operations above market expectations.The world's largest iron ore produ…
By Rajasik Mukherjee Oct 14 (Reuters) - Rio Tinto said on Wednesday it was on track to release about $5 billion in capital by the end of 2026, after strong mine performance helped lift third-quarter iron ore sales from its Pilbara operations above market expectations.
Pilbara iron ore sales rose 2% to 85.7 million metric tons in the third quarter. The company has delivered more than $2 billion in capital releases so far this year.